Solve the Equation $$\log _ { 2 } x = - 3$$

question 75

Multiple Choice

Solve the equation.
- $$\log _ { 2 } x = - 3$$

• A) \(\{ - 1 \}\)
• B) \(\left\{ \frac { 1 } { 9 } \right\}\)
• C) \(\{ - 6 \}\)
• D) \(\left\{ \frac { 1 } { 8 } \right\}\)

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Definitions:

Total Revenue

The total amount of money earned by a firm from the sale of its products or services before any costs or expenses are subtracted.

Elastic

A characteristic of a good or service with demand or supply that is responsive to changes in price, typically resulting in significant quantity changes when prices vary.

Inelastic

Describes a situation in which the demand for a good or service is relatively unresponsive to changes in price.

Total-revenue Curve

A graphical representation that shows how a company's total revenue changes in response to changes in the quantity of goods or services sold.